AllianceBernstein (NYSE:AB) Price Target Lowered to $39.00 at TD Cowen

AllianceBernstein (NYSE:AB) had its price objective trimmed by TD Cowen from $39.50 to $39.00 in a research report released on Wednesday,Benzinga reports. The firm currently has a hold rating on the asset manager’s stock.

A number of other equities analysts have also recently issued reports on the company. Sanford C. Bernstein reaffirmed a “buy” rating on shares of AllianceBernstein in a report on Wednesday. Evercore reaffirmed an “outperform” rating and issued a $42.00 target price on shares of AllianceBernstein in a report on Wednesday. Weiss Ratings raised AllianceBernstein from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, February 17th. Zacks Research cut AllianceBernstein from a “hold” rating to a “strong sell” rating in a report on Tuesday, April 21st. Finally, Barclays lowered their target price on AllianceBernstein from $40.00 to $39.00 and set an “equal weight” rating for the company in a report on Wednesday. Three investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $40.25.

AllianceBernstein Stock Up 2.5%

Shares of AB opened at $39.39 on Wednesday. AllianceBernstein has a 12-month low of $35.59 and a 12-month high of $44.11. The business has a 50-day simple moving average of $38.35 and a two-hundred day simple moving average of $39.44. The stock has a market cap of $3.63 billion, a PE ratio of 13.13, a PEG ratio of 1.82 and a beta of 0.86.

AllianceBernstein (NYSE:AB) last issued its earnings results on Tuesday, April 28th. The asset manager reported $0.83 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.04). AllianceBernstein had a return on equity of 21.17% and a net margin of 6.62%.The firm had revenue of $871.14 million during the quarter, compared to analyst estimates of $914.51 million. During the same period in the previous year, the company earned $0.80 EPS. AllianceBernstein’s revenue for the quarter was up 3.9% on a year-over-year basis. On average, equities research analysts expect that AllianceBernstein will post 3.5 EPS for the current year.

AllianceBernstein Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 21st. Stockholders of record on Friday, May 8th will be paid a $0.83 dividend. The ex-dividend date of this dividend is Friday, May 8th. This represents a $3.32 annualized dividend and a dividend yield of 8.4%. AllianceBernstein’s dividend payout ratio is presently 128.00%.

Institutional Investors Weigh In On AllianceBernstein

Several institutional investors and hedge funds have recently made changes to their positions in AB. Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new stake in shares of AllianceBernstein in the fourth quarter valued at about $28,000. Ascentis Independent Advisors acquired a new stake in shares of AllianceBernstein in the first quarter valued at about $30,000. Garton & Associates Financial Advisors LLC acquired a new stake in shares of AllianceBernstein in the fourth quarter valued at about $35,000. Motiv8 Investments LLC acquired a new stake in shares of AllianceBernstein in the fourth quarter valued at about $36,000. Finally, Elyxium Wealth LLC acquired a new stake in shares of AllianceBernstein in the fourth quarter valued at about $51,000. Institutional investors and hedge funds own 19.25% of the company’s stock.

Trending Headlines about AllianceBernstein

Here are the key news stories impacting AllianceBernstein this week:

• Positive Sentiment: Quarterly cash distribution declared: AB announced a cash dividend/cash distribution of $0.83 per unit (record May 8; payable May 21), implying a high single-digit yield that can attract income-focused buyers. PR Newswire Dividend Announcement
• Neutral Sentiment: Full earnings materials and call transcript posted — useful for investors who want details on flows, margin drivers and M&A/strategy commentary. Earnings Call Presentation
• Neutral Sentiment: Analyst coverage summaries and post-call write-ups provide additional color on management commentary and outlook adjustments. TipRanks Coverage
• Negative Sentiment: Q1 results missed estimates on both EPS and revenue: adjusted EPS $0.83 vs. $0.87 expected and revenue $871.1M vs. $914.5M expected; management cited net active outflows and geopolitical headwinds — a clear near-term growth/flows concern for an asset manager. MarketBeat Earnings Summary
• Negative Sentiment: Analysts trimmed price targets and ratings after the print: TD Cowen lowered its target to $39.00 (hold) and Barclays cut its target to $39.00 (equal weight), reflecting limited near-term upside and flow risks. Benzinga Analyst Notes
• Negative Sentiment: Broader analyst revisions followed the Q1 call as firms reassess revenue/earnings trajectories given active outflows — downside to multiple and sentiment until flows stabilize. Benzinga: Analyst Revisions

AllianceBernstein Company Profile

AllianceBernstein is a global investment management firm that offers a broad range of research-driven strategies across equities, fixed income, multi-asset solutions and alternative investments. The firm provides active and quantitative portfolio management, drawing on in-house research capabilities to serve the needs of institutional clients, private wealth investors and intermediaries. Its product lineup encompasses mutual funds, separately managed accounts and customized investment vehicles designed to meet diverse risk-return objectives.

The firm’s roots date back to 1967 with the founding of Sanford C.